-The Figure Above Shows a Production Possibilities Frontier

question 184

Multiple Choice

-The figure above shows a production possibilities frontier.In the figure,when the economy moves from point C to point B,what is the opportunity cost of a DVD?

• A) 0.5 cell phones
• B) 2 cell phones
• C) 0.5 million cell phones
• D) 2 million cell phones
• E) zero

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Definitions:

Interval Scale

A type of measurement scale that includes ordered categories with equal intervals between values but lacks a true zero point.

Normal Distribution

The normal distribution is a bell-shaped curve describing the spread of a characteristic throughout a population, where most occurrences take place near the mean value, decreasing symmetrically in both directions.

Skewed

A distribution that is not symmetrical, with a majority of data points lying on one side of the mean.